International Monetary Fund (IMF) on Tuesday released the latest assessment of the global financial crisis, the report said economic growth in developing countries in 2011 will double to 6.5%, but financial instability is still the biggest risk this year.
According to the International Monetary Fund country report of the organization, the International Monetary Fund to increase the overall global economic output in 2011 forecast, global economic growth is expected to increase 4.4%. The next two years, developed economies will grow 2.5%, while emerging markets and developing countries is expected to grow 6.5% during the same period, of which China's economic growth will come out on top, to 9.6%.
International Monetary Fund, financial adviser Jose - Wiener Falls (Jose Vinals) warned that the continued failure to promote the implementation of the reform, there is a risk of economic fluctuations. Emerging market and developing economies will continue to face upward pressure on commodity prices, while the developed economies, inflation will not occur. Meanwhile, the International Monetary Fund estimates oil prices will rise to 90 dollars per barrel, non-oil commodity prices will rise 11 percentage points.
International Monetary Fund chief economist Olivier - Blanchard (Olivier Blanchard), said: a lot of capital into emerging markets is both a blessing and a potential curse. While emerging markets offer cheap imported goods, but faces the risk of overheating.
Blanchard said: "The rapid development of emerging countries and favorable growth prospects, but in fact, due to relatively lower rates of advanced economies, which triggered a large number of institutions willing to put money into emerging markets."